Comments on: Reliance Power IPO - On Second Thoughts

By: Vinay

Vinay — Fri, 05 Sep 2008 09:56:08 +0000

Reliance energy was already in the same line of business, apart from superficial difference, as Reliance energy.
50% of the stake was brought by the promoters for 500 crores and the other 50% was sold as IPO for 10000+ crores.
So soesent it make the initial 500 crores investment bloom to 5000 crores that too without generating even a watt of power??
As a runup to the IPO did you not hear of “Magical” finds and huge contracts??
Now decide who made a fool of the public, Anil or Mukesh.

By: Nitesh Salian

Nitesh Salian — Sat, 05 Apr 2008 10:02:28 +0000

Dear Piyush Shah,

You are right about the ADAG Group.If u look at their General Insurance Business the profitability is much better than Big Time Player ie. Pru ICICI. Pru ICICI has good turnover and has 5 Billion as AMC under their kitty, but margin is flat and customer focus is less.

Please look at Holding Company’s growth in earnings per share over the period of time.

By: piyush shah

piyush shah — Fri, 22 Feb 2008 08:05:22 +0000

I think the reason is stright - somone does not what ADAG group to progress and grow- you know WHO.

Last year ADAG group gave highest returns to its investors which seems to not go well with few ppl and with the Power IPOs huge response these ppl made sure that the sript went down on listing.

My faith is in ADAG and they will not let the common investor down.

By: Asha

Asha — Thu, 21 Feb 2008 14:29:53 +0000

Your doubts do not make sense at all. Reliance Petroleum has always fooled investors, you already know it but the Reliance Power IPO was deliberately beaten. There is a lot of speculation about this and there are so many small investors hit because some big entity (mostly elder brother Mukesh Ambani) was involved to make this listing unsuccessful because of the scare that Anil Ambani might become richer… How stupid and that too at the cost of small investors like us.
It is shameful that such people are still loose without any allegations and SEBI is still asleep. I’m glad someone (i must say with a lot of details) has openly written about this and other frauds done by Reliance Industries all the way http://rilfraud.blogspot.com. The names of people have been openly mentioned. Wake up BSE watchman.

By: Rashmi

Rashmi — Sun, 17 Feb 2008 11:50:38 +0000

I think you have some vague ideas about investment.

Not only the scepticism of people like you but also the malicious campaings of vested interests have been hurting the interests of small investors like us.

There is more to the general consensus that global meltdown was responsible for Reliance Power IPO’s lacklustre listing. The hard-earned money of investors was reduced to dust and rubble even as some vested interests sabotaged the listing of an eagerly awaited IPO that bore the expectations of lakhs of investors.

The questions that the investigating agencies should ask are: whether senior executives of the rival camp travelled abroad prior to the listing period and whether they formed any nexus with tainted brokers and bears of the markets?

Why were all Reliance ADAG scrips drastically hit and hammered even though they belonged to unrelated sectoral groups? Was the key financial media influenced to ‘talk down the market’ every morning before market hours so as to ensure a depressed market sentiment right from the very beginning of every trading day during the period?

There are several unanswered questions and the investors want answers…